Key statistics

Asset allocation

Cash

8.45%

Stocks

0.00%

Bonds

91.55%

Preferred

0.01%

Other

0.00%

Purchase information

Initial

$1,000,000

6.640.00(0.00%)

Jul 21, 8:00PM EDTOverall Morningstar RatingTM

Settings |
Link to this view

Description

The investment seeks total return, consisting of a high level of current income and capital appreciation. The fund normally invests at least 80% of its net assets in corporate debt securities that are below investment-grade. It invests up to 30% of its total assets in U.S. dollar-denominated debt securities of foreign issuers. The fund invests up to 20% of its total assets in equities and convertible debt securities; and up to 10% of its total assets in debt securities that are in default at the time of purchase. It invests principally in below investment-grade debt securities (often called "high-yield" securities or "junk bonds") of corporate issuers.
Fund filings (PDF) »